Terra Energy set to expand in Montney region


By staff

An Alberta oil and gas company will be increasing its presence in the Montney Fairway play.

Terra Energy Corporation signed a commitment letter on Monday that states the company will acquire around 91 gross sections of land in the Montney play.

The corporation also plans to purchase other lands in Northeast BC that have potential for multi-frac horizontal development.

CEO Cas Morel says Terra Energy is embracing science and technology, in order to pursue the lowest cost production and highest return on capital.

If the land is acquired, Terra Energy will be one of the largest holders of prospective Montney rights in the Province, with approximately 122 gross sections within the Montney play.